Balyasny Asset Management L.P. (BAM) is a global institutional investment firm. We strive to deliver consistent, uncorrelated, absolute returns in all market environments by fostering a culture of research, innovation, and collaboration.
BAM exists at the intersection of finance and technology, combining the deep industry knowledge of leading portfolio managers and financial analysts with software engineers and quantitative researchers. We leverage the collective expertise of our teams to seek out new investment opportunities, analyze market conditions, minimize risk, and provide superior service to our investment partners.
With 2,000+ people in offices around the world, we embrace a culture that welcomes the free flow of ideas, promotes career development, and supports the health and wellbeing of our people through world-class benefits.
Role Overview
The Valuation Control function is responsible for producing daily valuations and executing key controls to ensure the firm's trading positions are valued accurately, consistently, and in a well-controlled manner.
This role spans a broad range of asset classes (Rates, FX, Equities, Credit/Fixed Income, and Commodities) with a particular focus on Macro products.
The hire will play a central role in the end-of-day (EOD) valuation and PnL control cycle, partnering closely with investment teams, Risk, Operations, and Technology to investigate and resolve pricing and PnL issues, and to maintain and enhance the daily control framework.
Key Responsibilities
- Ensure Daily, MTD, and YTD PnL is reviewed and signed off prior to distribution to PMs, Senior Management, Risk, and other stakeholders. From time to time, PnL review and reporting may be required on Saturday mornings to support timely dissemination of PnL following the NY market close.
- Own and execute end-of-day (EOD) valuation control responsibilities, including daily price verification, triage of valuation exceptions, timely escalation, and ensuring completion of required controls within established cutoffs.
- Investigate and resolve PnL breaks by tracing differences to market data, trade economics, lifecycle events, booking practices, and valuation/model inputs.
- Enhance the end-of-day PnL process by automating manual steps and/or implementing smarter PnL monitoring or PnL reconciliations using Python and AI-enabled tools (e.g., Claude, ChatGPT) to improve timeliness, accuracy and control coverage.
- Review, challenge, and help maintain valuation methodologies and control standards ensure consistent application across strategies and products, documenting and escalating exceptions where required.
- Contribute to new product / instrument onboarding from a valuation governance perspective (pricing approach, control coverage, validation, and documentation).
- Communicate clearly with stakeholders (Trading, Risk, Operations, Finance) on daily valuation outcomes, key drivers, and remediation plans for open items.
Desired Candidate Profile / Qualifications
- 5+ years of Product Control experience, including valuation and PnL control and working with PnL/valuation systems gained in a hedge fund or bank environment.
- Good understanding of the PnL production and reporting process and methodology, including how valuations, market data, and models feed daily PnL and reporting.
- Broad understanding across financial markets products, including Rates, Currency (FX), Equities, Fixed Income and Commodities, with a particular focus/strength in Macro.
- Demonstrated ability to operate in a time-sensitive EOD production environment with strong attention to detail and sound escalation judgment.
- Strong communication and stakeholder management skills able to challenge effectively and drive issues to resolution.
- Geneva or Arcesium experience is preferred.
- Preferred/Plus: experience with Bloomberg, SQL, Python, and AI-enabled tools (e.g., ChatGPT, Claude Code, etc.).
